New Delhi, April 10 -- NBFC company Poonawalla Fincorp share price jumped around 3% on Friday, April 10, announced the opening of its qualified institutional placement (QIP) of fully paid-up equity shares of face value Rs. 2. The company's committee of directors approved a floor price of Rs.390.26 per equity share, according to an exchange filing. The floor price is 2.6% lower than its previous closing of Rs.401 on BSE.

The company stated that the issue has been launched following earlier approvals from its board on January 16, 2026, and shareholders via a special resolution passed on February 19, 2026.

The floor price of Rs.390.26 per share has been determined in line with the pricing formula prescribed under SEBI ICDR Regulations. The...